XRP Holders Unlock Liquidity with Flare-Backed RLUSD Loans
Flare has brought XRP-backed RLUSD loans to Ethereum, allowing holders to unlock liquidity without selling their XRP.
The integration of FXRP as collateral in Sentora's institutional RLUSD vault on Morpho creates an isolated lending market for users who can mint FXRP, bridge it to Ethereum, and borrow RLUSD against their holdings.
FXRP is the first XRP representation approved as collateral in an institutionally curated lending vault on Ethereum mainnet, giving XRP holders access to Sentora's RLUSD Main vault, which currently holds around $280 million in deposited RLUSD.
'XRP is one of the largest assets in crypto and one of the least used in DeFi. That gap came down to infrastructure,' said Flare CEO Hugo Philion, who added that FXRP closed part of it by making XRP programmable. 'This closes another part.'